UK house prices edge down in June, Halifax says5 Jul 2024 08:01
LONDON, July 5 (Reuters) - British house prices fell slightly in June but are likely to rise over the rest of this year and into 2025 with interest rates expected to start falling soon, mortgage lender Halifax said on Friday.
Property prices fell by 0.2% last month from May and over the 12 months to June they rose by 1.6%, Halifax said.
"This continued stability in house prices – rising by just +0.4% so far this year – reflects a market that remains subdued, though overall activity has been recovering," Amanda Bryden, head of mortgages at Halifax, said.